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@singspeed
Bought this for £60, now it has been stripped of all the stickers using a hairdryer and then a bit of cooking oil to break down the residue. I was in the process of ripping all the gears off. Now she's a very smooth riding single speed soon to be fixie as soon as I find a reasonable wheelset.
There was a big patch of surface rust which I painstakingly sanded off and painted with enamel paint.
Was going to respray but actually the colour and character has grown on me. Plus its less likely to be stolen. There's no rust at all now anyway.